Mixed-Use Building with
For Sale
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559 E 4th Street, Reno, NV 89512
Single-story commercial building with flexible interior space, three-phase power, and MD-ID mixed-use zoning near Downtown Reno.
Property Size7,250 SF
Price / SF$275.17
Days on Market50
Property Features for 559 E 4th Street
General Information
Standard status
Active
Size
7,250 SF
Property subtype
Mixed Use
Zoning
MD-ID
Warehouse & Industrial
Clear Height
18 ft
Clear Span
Yes
Three-Phase Power
Yes
Additional Details
Road Access
Yes
Building Details
Buildings
1
Stories
1
Building Size
7,250 SF
Listing Agency:
Hallmark Investments & Management LLC
Listed By:
Garrett Hallenbeck · License #NV B.48550
(775) 247-6570
Source:
Crexi
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 5:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hallmark Investments & Management LLC
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Investment Insights
Based on property information with market context.
This single-story mixed-use commercial building contains 7,250 square feet with an open-span interior and approximately 18-foot ceilings. Grade-level loading and three-phase power support a range of operational layouts, while the configuration is suited to fitness, retail, showroom, brewery, warehouse, and indoor production uses. Reported improvements include the roof, HVAC, plumbing, restrooms, electrical service, and facade.
The property fronts East 4th Street at 559 E 4th Street in Reno and is near Downtown Reno, Interstate 80, and the University of Nevada, Reno. MD-ID zoning, identified as Mixed-Use Downtown Innovation District, supports a broad range of commercial and adaptive-reuse opportunities subject to applicable City requirements. The building can accommodate owner occupancy, repositioning, or leasing strategies.
The property fronts East 4th Street at 559 E 4th Street in Reno and is near Downtown Reno, Interstate 80, and the University of Nevada, Reno. MD-ID zoning, identified as Mixed-Use Downtown Innovation District, supports a broad range of commercial and adaptive-reuse opportunities subject to applicable City requirements. The building can accommodate owner occupancy, repositioning, or leasing strategies.
Key Highlights
- 7,250‑square‑foot single‑story commercial building
- Approximately 18‑foot ceilings with an open‑span interior
- Grade‑level loading and three‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,800
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,116,000
$2.1M
Cap Rate 7%
$1,511,429
$1.5M
Cap Rate 9%
$1,175,556
$1.2M
Market Conditions
NOI Build-Up for 7,250 SF
Gross rent
$187.1K $25.80/SF
− Vacancy
−$17.8K −$2.45/SF
EGI
$169.3K $23.35/SF
− OpEx
−$63.5K −$8.76/SF
NOI
$105.8K $14.59/SF
Area
Reno, NV
Vacancy
9.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,116,000
Cap Rate 7%
$1,511,429
Cap Rate 9%
$1,175,556
Alternative Uses
Best Use
Mixed Use
$1.51M
$1.32M – $1.76M
NOI $105,800 @ 7.0% cap · market cap 5.30%
Second Best
Retail
$1.31M
$1.15M – $1.53M
NOI $91,743 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$2.23M
$1.96M – $2.61M
NOI $156,405 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
18 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,851
Businesses Nearby
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Business Placement
Demographics for 89512, NV
30,148
Population
12,374
Households
2.4
Avg Household Size
30
Median Age
18%
College-Educated
76%
High-School Grad
6.2 sq mi
ZIP Area
4,863
Density / Sq Mi
$45,284
Median Household Income
$34,587
Median Earnings
$1,113
Median Rent
$318,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Reno, NV
Frequently Asked Questions
What type of property is this?
Mixed-use property - Single-story commercial building with flexible interior space, three-phase power, and MD-ID mixed-use zoning near Downtown Reno.
Where is this mixed-use property located?
The property is located at 559 E 4th Street Reno, NV.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 7,250‑square‑foot single‑story commercial building; Approximately 18‑foot ceilings with an open‑span interior; Grade‑level loading and three‑phase power
